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Following the BackWeb's Extraordinary General Meeting (EGM)  on March 6, 2014,  Backweb Technologies LTD.(the "company") entered into voluntary liquidation and Yoav Kfir of Var Management was appointed as liquidator.  The company announced the results of the EGM in its press release on March 7, 2014. 

From that point forward, Mr. Kfir has had the powers of the Company's Board of Directors. A voluntary liquidation process in Israel may take some number of months, assuming no special issues arise, and as for now, the third calendar quarter of 2015 is a good estimate for closing tax and other files with the authorities, dissolving the company's entities and making a final distribution of cash to shareholders.

Initial distribution process is going start with the stop of trading of BackWeb shares on the OTC Markets, which is expected to take place on November 7th.  This date will also be considered the Effective date for the first distribution of cash to shareholders based on records of registrars as of that Effective Date.  This first distribution will take place in late 2014 and early 2015.  A second and final distribution will take place at the end of the liquidation process as mentioned above.

For more information please see the Press Release of November 3, 2014 in the "News" section of this web site.  The documents to be mailed to shareholders in connection with the first distribution will also be listed in the "News" section as they are available.